Property profile

607 E 1St St Newberg, OR 97132

FOR SALE
Investment properties
Property ID
US71-0643057
5,100 SF 0.12 ac lot Built 1910
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Property summary

AI-generated overview

This thriving restaurant and bar business in Newberg, Oregon, presents a unique investment opportunity. Located on a highly visible main street location, the 5,100 square foot space boasts a well-appointed interior with seating for approximately 80 patrons, split between a dining room and bar area. The property features two fully equipped kitchens, ideal for efficient food preparation and service. The business benefits from its proximity to George Fox University, ensuring a steady stream of customers. Currently operating five days a week due to staffing limitations, there's significant potential for increased revenue with expanded hours. The current annual rent is $19 per square foot, inclusive of NNN expenses. The sale includes the business only

Property profile

Verified
Property type Investment properties
Year built 1910
Total area 5,100 SF
Lot 0.12 ac (5,227 SF)
UPID US71-0643057

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Courier Service Postal Service
  • Courier Service Postal Service
  • Real Estate Agency
  • Apartment Building

Location

607 E 1St St Newberg, OR 97132
Newberg metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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